Northern ARC Capital Ltd.
•₹ 288.35-1.45%
2026-08-21
ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Financial Activity: 97.9% • Investment Management Services: 1.4% • Others: 0.7% • Advisory Services: 0.0%
PROS
- Company has delivered good profit growth of 39.4% CAGR over last 5 years
- Comfortable capital adequacy - CAR of 22.6%
- Solid return on assets for a lender - ROA of 2.9%
- Company has consistently been profitable over the last 5 years
- Latest quarter profit grew 45.8% YoY, showing strong momentum
- Company has delivered good sales growth of 31.6% CAGR over last 5 years
CONS
- Promoter holding has decreased over last 2 years: -58.6pp
- A large part of profit comes from other income (61.7% of PBT)
- Company has a low return on capital employed of 10.3%
- Free cash flow has been persistently negative
- Equity base is being diluted - shares outstanding up 81.5%
- Operating margins have contracted to 42.1% from 68.4%
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | BAJFINANCE | 1078.60 | 33.07 | 671531.43 | 0.56 | 6080.60 | 27.60 | 23165.45 | 20.37 | 10.87 | 70.70 |
| 2. | SHRIRAMFIN | 1104.90 | 22.97 | 259981.15 | 0.98 | 3452.77 | 59.90 | 13400.43 | 17.46 | 11.49 | 74.63 |
| 3. | JIOFIN | 242.70 | 77.55 | 160258.25 | 0.25 | 830.25 | 155.73 | 2004.47 | 227.28 | 2.11 | 69.71 |
| 4. | CHOLAFIN | 1866.25 | 27.72 | 159390.07 | 0.11 | 1656.22 | 45.56 | 8856.29 | 21.89 | 9.70 | 70.07 |
| 5. | TATACAP | 365.15 | 28.68 | 155001.39 | 0.16 | 16281.80 | 1464.16 | 88219.30 | 1051.00 | 8.66 | 75.72 |
| 6. | BAJAJHLDNG | 11322.85 | 14.23 | 126015.97 | 1.72 | 2708.08 | -92.27 | 394.33 | 23.34 | 14.81 | 684.72 |
| 7. | MUTHOOTFIN | 2859.20 | 10.09 | 114787.87 | 1.05 | 2824.84 | 43.08 | 8671.60 | 36.25 | 15.87 | 83.76 |
| 8. | ABCAPITAL | 396.75 | 26.46 | 108592.29 | 0.00 | 1223.85 | 43.85 | 12179.54 | 137.84 | 8.82 | 41.91 |
| 9. | LTF | 315.00 | 24.80 | 78940.44 | 0.87 | 915.99 | 30.70 | 5212.92 | 22.38 | 8.54 | 62.13 |
| 10. | SBICARD | 626.30 | 0.00 | 59601.37 | 0.40 | 664.44 | 19.51 | 5040.55 | 7.60 | 11.75 | 29.83 |
| 11. | HDBFS | 681.15 | 26.00 | 56579.31 | 0.59 | 785.20 | 38.31 | 4937.90 | 18.71 | 9.09 | 57.98 |
| 12. | NORTHARC | 284.75 | 10.48 | 4603.02 | 0.00 | 114.10 | 45.82 | 779.77 | 28.80 | 9.74 | 53.05 |
Detailed Comparison with:
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 437 | 492 | 560 | 578 | 585 | 576 | 603 | 605 | 627 | 721 | 742 | 780 | |
| 153 | 200 | 242 | 245 | 243 | 267 | 366 | 282 | 292 | 354 | 320 | 630 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 3 | 5 | 5 | 5 | 1 | 5 | 4 | 2 | 1 | 3 | 3 | 3 |
| Interest | 174 | 184 | 204 | 209 | 205 | 214 | 200 | 216 | 208 | 231 | 239 | 260 |
| Depreciation | 4 | 5 | 5 | 4 | 3 | 6 | 5 | 4 | 5 | 5 | 5 | 4 |
| 108 | 108 | 113 | 124 | 134 | 94 | 36 | 105 | 124 | 134 | 182 | 153 | |
| Tax % | 25.62% | 23.73% | 25.01% | 24.07% | 27.90% | 22.08% | -9.49% | 24.96% | 24.22% | 24.60% | 23.62% | 25.39% |
| Net Profit | 0 | 0 | 0 | 0 | 96 | 73 | 38 | 78 | 91 | 102 | 133 | 114 |
| 9 | 9 | 10 | 10 | 8 | 5 | 2 | 5 | 6 | 6 | 8 | 1 | |
| Equity Capital | 89 | 89 | 89 | 89 | 161 | 161 | 161 | 161 | 162 | 162 | 162 | 162 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 89 | 89 | 89 | 89 | 161 | 161 | 161 | 161 | 162 | 162 | 162 | 162 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Sep 2023
- 437
- 153
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 174
- Depreciation
- 4
- 108
- Tax %
- 25.62%
- Net Profit
- 0
- 9
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 492
- 200
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 184
- Depreciation
- 5
- 108
- Tax %
- 23.73%
- Net Profit
- 0
- 9
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 560
- 242
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 204
- Depreciation
- 5
- 113
- Tax %
- 25.01%
- Net Profit
- 0
- 10
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 578
- 245
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 209
- Depreciation
- 4
- 124
- Tax %
- 24.07%
- Net Profit
- 0
- 10
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 89
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 585
- 243
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 205
- Depreciation
- 3
- 134
- Tax %
- 27.90%
- Net Profit
- 96
- 8
- Equity Capital
- 161
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 161
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 576
- 267
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 214
- Depreciation
- 6
- 94
- Tax %
- 22.08%
- Net Profit
- 73
- 5
- Equity Capital
- 161
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 161
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 603
- 366
- Operating Profit
- —
- OPM %
- —
- Other Income
- 4
- Interest
- 200
- Depreciation
- 5
- 36
- Tax %
- -9.49%
- Net Profit
- 38
- 2
- Equity Capital
- 161
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 161
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 605
- 282
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 216
- Depreciation
- 4
- 105
- Tax %
- 24.96%
- Net Profit
- 78
- 5
- Equity Capital
- 161
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 161
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 627
- 292
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 208
- Depreciation
- 5
- 124
- Tax %
- 24.22%
- Net Profit
- 91
- 6
- Equity Capital
- 162
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 162
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 721
- 354
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 231
- Depreciation
- 5
- 134
- Tax %
- 24.60%
- Net Profit
- 102
- 6
- Equity Capital
- 162
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 162
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 742
- 320
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 239
- Depreciation
- 5
- 182
- Tax %
- 23.62%
- Net Profit
- 133
- 8
- Equity Capital
- 162
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 162
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 780
- 630
- Operating Profit
- —
- OPM %
- —
- Other Income
- 3
- Interest
- 260
- Depreciation
- 4
- 153
- Tax %
- 25.39%
- Net Profit
- 114
- 1
- Equity Capital
- 162
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 162
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 367 | 473 | 602 | 633 | 681 | 910 | 1,307 | 1,890 | 2,342 | 2,690 | 2,870 | |
| 96 | 115 | 137 | 174 | 257 | 247 | 419 | 968 | 1,572 | 1,559 | 1,596 | |
| Operating Profit | 274 | 361 | 480 | 461 | 431 | 669 | 894 | 1,168 | 1,238 | 1,462 | — |
| OPM % | 75 | 76 | 80 | 73 | 63 | 74 | 68 | 62 | 53 | 54 | — |
| Other Income | 3 | 3 | 16 | 2 | 6 | 7 | 6 | 246 | 468 | 330 | 11 |
| Interest | 176 | 230 | 302 | 310 | 324 | 411 | 559 | 730 | 832 | 899 | 938 |
| Depreciation | 1 | 2 | 3 | 7 | 7 | 10 | 12 | 17 | 18 | 19 | 19 |
| 97 | 130 | 175 | 144 | 100 | 248 | 321 | 420 | 386 | 536 | 592 | |
| Tax % | 34 | 33 | 34 | 29 | 23 | 27 | 25 | 24 | 22 | 25 | 24 |
| Net Profit | 64 | 86 | 115 | 103 | 77 | 182 | 242 | 318 | 301 | 404 | 448 |
| EPS | 0 | 0 | 0 | 0 | 5 | 13 | 17 | 34 | 19 | 25 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Minority Interest | 0 | 0 | -16 | -10 | -9 | -9 | -12 | -9 | 3 | 2 | -0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -8 |
| Adjusted EPS | 8 | 11 | 13 | 11 | 8 | 19 | 26 | 34 | 19 | 25 | — |
| Minority Interest | 0 | 0 | -16 | -10 | -9 | -9 | -12 | -9 | 3 | 2 | -0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -8 |
| Adjusted EPS | 8 | 11 | 13 | 11 | 8 | 19 | 26 | 34 | 19 | 25 | — |
Mar 2017
- 367
- 96
- Operating Profit
- 274
- OPM %
- 75
- Other Income
- 3
- Interest
- 176
- Depreciation
- 1
- 97
- Tax %
- 34
- Net Profit
- 64
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
Mar 2018
- 473
- 115
- Operating Profit
- 361
- OPM %
- 76
- Other Income
- 3
- Interest
- 230
- Depreciation
- 2
- 130
- Tax %
- 33
- Net Profit
- 86
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 11
Mar 2019
- 602
- 137
- Operating Profit
- 480
- OPM %
- 80
- Other Income
- 16
- Interest
- 302
- Depreciation
- 3
- 175
- Tax %
- 34
- Net Profit
- 115
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- -16
- Share of Associates
- 0
- Adjusted EPS
- 13
- Minority Interest
- -16
- Share of Associates
- 0
- Adjusted EPS
- 13
Mar 2020
- 633
- 174
- Operating Profit
- 461
- OPM %
- 73
- Other Income
- 2
- Interest
- 310
- Depreciation
- 7
- 144
- Tax %
- 29
- Net Profit
- 103
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- -10
- Share of Associates
- 0
- Adjusted EPS
- 11
- Minority Interest
- -10
- Share of Associates
- 0
- Adjusted EPS
- 11
Mar 2021
- 681
- 257
- Operating Profit
- 431
- OPM %
- 63
- Other Income
- 6
- Interest
- 324
- Depreciation
- 7
- 100
- Tax %
- 23
- Net Profit
- 77
- EPS
- 5
- Dividend Payout %
- 0
- Minority Interest
- -9
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- -9
- Share of Associates
- 0
- Adjusted EPS
- 8
Mar 2022
- 910
- 247
- Operating Profit
- 669
- OPM %
- 74
- Other Income
- 7
- Interest
- 411
- Depreciation
- 10
- 248
- Tax %
- 27
- Net Profit
- 182
- EPS
- 13
- Dividend Payout %
- 0
- Minority Interest
- -9
- Share of Associates
- 0
- Adjusted EPS
- 19
- Minority Interest
- -9
- Share of Associates
- 0
- Adjusted EPS
- 19
Mar 2023
- 1,307
- 419
- Operating Profit
- 894
- OPM %
- 68
- Other Income
- 6
- Interest
- 559
- Depreciation
- 12
- 321
- Tax %
- 25
- Net Profit
- 242
- EPS
- 17
- Dividend Payout %
- 0
- Minority Interest
- -12
- Share of Associates
- 0
- Adjusted EPS
- 26
- Minority Interest
- -12
- Share of Associates
- 0
- Adjusted EPS
- 26
Mar 2024
- 1,890
- 968
- Operating Profit
- 1,168
- OPM %
- 62
- Other Income
- 246
- Interest
- 730
- Depreciation
- 17
- 420
- Tax %
- 24
- Net Profit
- 318
- EPS
- 34
- Dividend Payout %
- 0
- Minority Interest
- -9
- Share of Associates
- 0
- Adjusted EPS
- 34
- Minority Interest
- -9
- Share of Associates
- 0
- Adjusted EPS
- 34
Mar 2025
- 2,342
- 1,572
- Operating Profit
- 1,238
- OPM %
- 53
- Other Income
- 468
- Interest
- 832
- Depreciation
- 18
- 386
- Tax %
- 22
- Net Profit
- 301
- EPS
- 19
- Dividend Payout %
- 0
- Minority Interest
- 3
- Share of Associates
- 0
- Adjusted EPS
- 19
- Minority Interest
- 3
- Share of Associates
- 0
- Adjusted EPS
- 19
Mar 2026
- 2,690
- 1,559
- Operating Profit
- 1,462
- OPM %
- 54
- Other Income
- 330
- Interest
- 899
- Depreciation
- 19
- 536
- Tax %
- 25
- Net Profit
- 404
- EPS
- 25
- Dividend Payout %
- 0
- Minority Interest
- 2
- Share of Associates
- 0
- Adjusted EPS
- 25
- Minority Interest
- 2
- Share of Associates
- 0
- Adjusted EPS
- 25
TTM
- 2,870
- 1,596
- Operating Profit
- —
- OPM %
- —
- Other Income
- 11
- Interest
- 938
- Depreciation
- 19
- 592
- Tax %
- 24
- Net Profit
- 448
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- -0
- Share of Associates
- -8
- Adjusted EPS
- —
- Minority Interest
- -0
- Share of Associates
- -8
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 27%
- 5 Years:
- 32%
- 3 Years:
- 27%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 21%
- 5 Years:
- 43%
- 3 Years:
- 21%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
- 1 Year:
- 15%
RETURN ON EQUITY
- 10 Years:
- 12%
- 5 Years:
- 13%
- 3 Years:
- 13%
- Last Year:
- 11%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| 78 | 78 | 78 | 87 | 88 | 89 | 89 | 89 | 161 | 162 | |
| 397 | 525 | 996 | 1,311 | 1,389 | 1,547 | 1,767 | 2,110 | 3,232 | 3,686 | |
| 582 | 768 | 476 | 335 | 535 | 702 | 504 | 5,462 | 5,790 | 6,523 | |
| Trade Payables | 10 | 9 | 10 | 8 | 16 | 56 | 110 | 128 | 69 | 247 |
| 1,865 | 2,224 | 2,710 | 2,853 | 3,649 | 5,567 | 6,867 | 3,883 | 4,272 | 6,026 | |
| Total Liabilities | 2,933 | 3,604 | 4,269 | 4,594 | 5,676 | 7,960 | 9,336 | 11,673 | 13,525 | 16,643 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 5 | 6 | 5 | 25 | 22 | 24 | 51 | 57 | 76 | 65 | |
| 1,150 | 1,032 | 1,193 | 1,171 | 1,383 | 1,766 | 1,790 | 1,785 | 2,052 | 2,943 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25 | 21 | 21 | |
| Cash & Bank | 126 | 193 | 243 | 410 | 466 | 803 | 423 | 368 | 623 | 437 |
| 1,651 | 2,373 | 2,828 | 2,987 | 3,805 | 5,368 | 7,073 | 9,438 | 10,753 | 13,178 | |
| Total Assets | 2,933 | 3,604 | 4,269 | 4,594 | 5,676 | 7,960 | 9,336 | 11,673 | 13,525 | 16,643 |
| Total Debt | 2,330 | 2,858 | 2,913 | 2,921 | 3,932 | 5,983 | 7,035 | 9,048 | 9,860 | 12,258 |
| Net Working Capital | 29 | 29 | 76 | 277 | 3,733 | 5,312 | 6,751 | -4,310 | -4,105 | -4,509 |
| Contingent Liabilities | 99 | 225 | 238 | 264 | 276 | 242 | 168 | 70 | 7 | 5 |
| Book Value per Share | 60.71 | 76.95 | 137.07 | 159.88 | 167.96 | 184.01 | 208.44 | 246.11 | 210.24 | 238.12 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 2,330 | 2,858 | 2,913 | 2,921 | 3,932 | 5,983 | 7,035 | 9,048 | 9,860 | 12,258 |
| Net Working Capital | 29 | 29 | 76 | 277 | 3,733 | 5,312 | 6,751 | -4,310 | -4,105 | -4,509 |
| Contingent Liabilities | 99 | 225 | 238 | 264 | 276 | 242 | 168 | 70 | 7 | 5 |
| Book Value per Share | 60.71 | 76.95 | 137.07 | 159.88 | 167.96 | 184.01 | 208.44 | 246.11 | 210.24 | 238.12 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2017
- 78
- 397
- 582
- Trade Payables
- 10
- 1,865
- Total Liabilities
- 2,933
- 5
- 1,150
- 0
- Cash & Bank
- 126
- 1,651
- Total Assets
- 2,933
- Total Debt
- 2,330
- Net Working Capital
- 29
- Contingent Liabilities
- 99
- Book Value per Share
- 60.71
- Face Value
- 10.00
- Total Debt
- 2,330
- Net Working Capital
- 29
- Contingent Liabilities
- 99
- Book Value per Share
- 60.71
- Face Value
- 10.00
Mar 2018
- 78
- 525
- 768
- Trade Payables
- 9
- 2,224
- Total Liabilities
- 3,604
- 6
- 1,032
- 0
- Cash & Bank
- 193
- 2,373
- Total Assets
- 3,604
- Total Debt
- 2,858
- Net Working Capital
- 29
- Contingent Liabilities
- 225
- Book Value per Share
- 76.95
- Face Value
- 10.00
- Total Debt
- 2,858
- Net Working Capital
- 29
- Contingent Liabilities
- 225
- Book Value per Share
- 76.95
- Face Value
- 10.00
Mar 2019
- 78
- 996
- 476
- Trade Payables
- 10
- 2,710
- Total Liabilities
- 4,269
- 5
- 1,193
- 0
- Cash & Bank
- 243
- 2,828
- Total Assets
- 4,269
- Total Debt
- 2,913
- Net Working Capital
- 76
- Contingent Liabilities
- 238
- Book Value per Share
- 137.07
- Face Value
- 10.00
- Total Debt
- 2,913
- Net Working Capital
- 76
- Contingent Liabilities
- 238
- Book Value per Share
- 137.07
- Face Value
- 10.00
Mar 2020
- 87
- 1,311
- 335
- Trade Payables
- 8
- 2,853
- Total Liabilities
- 4,594
- 25
- 1,171
- 0
- Cash & Bank
- 410
- 2,987
- Total Assets
- 4,594
- Total Debt
- 2,921
- Net Working Capital
- 277
- Contingent Liabilities
- 264
- Book Value per Share
- 159.88
- Face Value
- 10.00
- Total Debt
- 2,921
- Net Working Capital
- 277
- Contingent Liabilities
- 264
- Book Value per Share
- 159.88
- Face Value
- 10.00
Mar 2021
- 88
- 1,389
- 535
- Trade Payables
- 16
- 3,649
- Total Liabilities
- 5,676
- 22
- 1,383
- 0
- Cash & Bank
- 466
- 3,805
- Total Assets
- 5,676
- Total Debt
- 3,932
- Net Working Capital
- 3,733
- Contingent Liabilities
- 276
- Book Value per Share
- 167.96
- Face Value
- 10.00
- Total Debt
- 3,932
- Net Working Capital
- 3,733
- Contingent Liabilities
- 276
- Book Value per Share
- 167.96
- Face Value
- 10.00
Mar 2022
- 89
- 1,547
- 702
- Trade Payables
- 56
- 5,567
- Total Liabilities
- 7,960
- 24
- 1,766
- 0
- Cash & Bank
- 803
- 5,368
- Total Assets
- 7,960
- Total Debt
- 5,983
- Net Working Capital
- 5,312
- Contingent Liabilities
- 242
- Book Value per Share
- 184.01
- Face Value
- 10.00
- Total Debt
- 5,983
- Net Working Capital
- 5,312
- Contingent Liabilities
- 242
- Book Value per Share
- 184.01
- Face Value
- 10.00
Mar 2023
- 89
- 1,767
- 504
- Trade Payables
- 110
- 6,867
- Total Liabilities
- 9,336
- 51
- 1,790
- 0
- Cash & Bank
- 423
- 7,073
- Total Assets
- 9,336
- Total Debt
- 7,035
- Net Working Capital
- 6,751
- Contingent Liabilities
- 168
- Book Value per Share
- 208.44
- Face Value
- 10.00
- Total Debt
- 7,035
- Net Working Capital
- 6,751
- Contingent Liabilities
- 168
- Book Value per Share
- 208.44
- Face Value
- 10.00
Mar 2024
- 89
- 2,110
- 5,462
- Trade Payables
- 128
- 3,883
- Total Liabilities
- 11,673
- 57
- 1,785
- 25
- Cash & Bank
- 368
- 9,438
- Total Assets
- 11,673
- Total Debt
- 9,048
- Net Working Capital
- -4,310
- Contingent Liabilities
- 70
- Book Value per Share
- 246.11
- Face Value
- 10.00
- Total Debt
- 9,048
- Net Working Capital
- -4,310
- Contingent Liabilities
- 70
- Book Value per Share
- 246.11
- Face Value
- 10.00
Mar 2025
- 161
- 3,232
- 5,790
- Trade Payables
- 69
- 4,272
- Total Liabilities
- 13,525
- 76
- 2,052
- 21
- Cash & Bank
- 623
- 10,753
- Total Assets
- 13,525
- Total Debt
- 9,860
- Net Working Capital
- -4,105
- Contingent Liabilities
- 7
- Book Value per Share
- 210.24
- Face Value
- 10.00
- Total Debt
- 9,860
- Net Working Capital
- -4,105
- Contingent Liabilities
- 7
- Book Value per Share
- 210.24
- Face Value
- 10.00
Mar 2026
- 162
- 3,686
- 6,523
- Trade Payables
- 247
- 6,026
- Total Liabilities
- 16,643
- 65
- 2,943
- 21
- Cash & Bank
- 437
- 13,178
- Total Assets
- 16,643
- Total Debt
- 12,258
- Net Working Capital
- -4,509
- Contingent Liabilities
- 5
- Book Value per Share
- 238.12
- Face Value
- 10.00
- Total Debt
- 12,258
- Net Working Capital
- -4,509
- Contingent Liabilities
- 5
- Book Value per Share
- 238.12
- Face Value
- 10.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -248 | -636 | -324 | -43 | -712 | -1,326 | -1,296 | -2,134 | -1,047 | -1,541 | |
| Cash from Investing | -729 | 119 | -36 | -29 | -201 | -386 | -119 | 36 | -388 | -851 |
| Cash from Financing | 1,039 | 578 | 364 | 215 | 977 | 2,028 | 928 | 2,045 | 1,586 | 2,292 |
| 61 | 61 | 4 | 142 | 65 | 317 | -487 | -53 | 151 | -100 | |
| Free Cash Flow | -251 | -637 | -324 | -70 | -715 | -1,337 | -1,334 | -2,157 | -1,084 | -1,545 |
| OCF / Net Profit | -3.90 | -7.37 | -2.81 | -0.42 | -9.29 | -7.29 | -5.35 | -6.72 | -3.47 | -3.82 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -1,997 | -3,083 | -3,780 | -5,613 | -6,627 | -7,457 |
| OCF / Net Profit | -3.90 | -7.37 | -2.81 | -0.42 | -9.29 | -7.29 | -5.35 | -6.72 | -3.47 | -3.82 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -1,997 | -3,083 | -3,780 | -5,613 | -6,627 | -7,457 |
Mar 2017
- -248
- Cash from Investing
- -729
- Cash from Financing
- 1,039
- 61
- Free Cash Flow
- -251
- OCF / Net Profit
- -3.90
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -3.90
- Cumulative 5-Year FCF
- 0
Mar 2018
- -636
- Cash from Investing
- 119
- Cash from Financing
- 578
- 61
- Free Cash Flow
- -637
- OCF / Net Profit
- -7.37
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -7.37
- Cumulative 5-Year FCF
- 0
Mar 2019
- -324
- Cash from Investing
- -36
- Cash from Financing
- 364
- 4
- Free Cash Flow
- -324
- OCF / Net Profit
- -2.81
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -2.81
- Cumulative 5-Year FCF
- 0
Mar 2020
- -43
- Cash from Investing
- -29
- Cash from Financing
- 215
- 142
- Free Cash Flow
- -70
- OCF / Net Profit
- -0.42
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.42
- Cumulative 5-Year FCF
- 0
Mar 2021
- -712
- Cash from Investing
- -201
- Cash from Financing
- 977
- 65
- Free Cash Flow
- -715
- OCF / Net Profit
- -9.29
- Cumulative 5-Year FCF
- -1,997
- OCF / Net Profit
- -9.29
- Cumulative 5-Year FCF
- -1,997
Mar 2022
- -1,326
- Cash from Investing
- -386
- Cash from Financing
- 2,028
- 317
- Free Cash Flow
- -1,337
- OCF / Net Profit
- -7.29
- Cumulative 5-Year FCF
- -3,083
- OCF / Net Profit
- -7.29
- Cumulative 5-Year FCF
- -3,083
Mar 2023
- -1,296
- Cash from Investing
- -119
- Cash from Financing
- 928
- -487
- Free Cash Flow
- -1,334
- OCF / Net Profit
- -5.35
- Cumulative 5-Year FCF
- -3,780
- OCF / Net Profit
- -5.35
- Cumulative 5-Year FCF
- -3,780
Mar 2024
- -2,134
- Cash from Investing
- 36
- Cash from Financing
- 2,045
- -53
- Free Cash Flow
- -2,157
- OCF / Net Profit
- -6.72
- Cumulative 5-Year FCF
- -5,613
- OCF / Net Profit
- -6.72
- Cumulative 5-Year FCF
- -5,613
Mar 2025
- -1,047
- Cash from Investing
- -388
- Cash from Financing
- 1,586
- 151
- Free Cash Flow
- -1,084
- OCF / Net Profit
- -3.47
- Cumulative 5-Year FCF
- -6,627
- OCF / Net Profit
- -3.47
- Cumulative 5-Year FCF
- -6,627
Mar 2026
- -1,541
- Cash from Investing
- -851
- Cash from Financing
- 2,292
- -100
- Free Cash Flow
- -1,545
- OCF / Net Profit
- -3.82
- Cumulative 5-Year FCF
- -7,457
- OCF / Net Profit
- -3.82
- Cumulative 5-Year FCF
- -7,457
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 7.97 | 11.00 | 12.66 | 10.61 | 7.68 | 19.40 | 25.83 | 34.49 | 18.87 | 25.13 |
| Book Value (₹) | 60.71 | 76.95 | 137.07 | 159.88 | 167.96 | 184.01 | 208.44 | 246.11 | 210.24 | 238.12 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 8.29 | 11.22 | 15.11 | 12.54 | 9.48 | 21.54 | 28.56 | 37.44 | 19.78 | 26.14 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 74.79% | 76.37% | 79.80% | 72.81% | 63.21% | 73.57% | 68.43% | 48.77% | 32.87% | 42.06% |
| Net Margin % | 17.38% | 18.24% | 19.19% | 16.27% | 11.24% | 20.00% | 18.53% | 16.81% | 12.87% | 15.00% |
| ROE % | 16.89% | 15.99% | 13.76% | 8.33% | 5.33% | 11.69% | 13.87% | 15.67% | 10.78% | 11.15% |
| ROCE % | 11.98% | 11.35% | 12.59% | 10.67% | 8.53% | 9.97% | 10.53% | 11.30% | 9.88% | 9.74% |
| 2.70% | 2.64% | 2.93% | 2.32% | 1.49% | 2.67% | 2.80% | 3.02% | 2.39% | 2.68% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 0 | 0 | 10 | 7 | 7 | 8 | 7 | 5 | 4 | 3 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 10 | 7 | 7 | 8 | 7 | 5 | 4 | 3 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 4.63x | 4.48x | 2.53x | 1.97x | 2.52x | 3.48x | 3.63x | 3.96x | 2.91x | 3.19x |
| Interest Coverage (x) | 1.55x | 1.56x | 1.58x | 1.47x | 1.31x | 1.60x | 1.57x | 1.58x | 1.46x | 1.60x |
| 1.02x | 1.02x | 1.15x | 1.73x | 6.67x | 7.25x | 9.91x | 0.25x | 0.32x | 0.36x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 49.85% | 28.83% | 27.23% | 5.20% | 7.64% | 33.53% | 43.68% | 44.63% | 23.89% | 14.89% |
| Operating Profit Growth % | 36.68% | 31.56% | 32.95% | -4.02% | -6.55% | 55.40% | 33.64% | 30.65% | 5.96% | 18.09% |
| Net Profit Growth % | 6.21% | 35.26% | 33.83% | -10.83% | -25.59% | 137.54% | 33.13% | 31.16% | -5.15% | 33.94% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 33.52% | -45.29% | 33.16% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 8.86x | 8.22x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.80x | 0.87x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 7.58x | 9.64x | 10.37x |
Mar 2017
- EPS (₹)
- 7.97
- Book Value (₹)
- 60.71
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 8.29
- Operating Margin %
- 74.79%
- Net Margin %
- 17.38%
- ROE %
- 16.89%
- ROCE %
- 11.98%
- 2.70%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 4.63x
- Interest Coverage (x)
- 1.55x
- 1.02x
- Revenue Growth %
- 49.85%
- Operating Profit Growth %
- 36.68%
- Net Profit Growth %
- 6.21%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 11.00
- Book Value (₹)
- 76.95
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 11.22
- Operating Margin %
- 76.37%
- Net Margin %
- 18.24%
- ROE %
- 15.99%
- ROCE %
- 11.35%
- 2.64%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 4.48x
- Interest Coverage (x)
- 1.56x
- 1.02x
- Revenue Growth %
- 28.83%
- Operating Profit Growth %
- 31.56%
- Net Profit Growth %
- 35.26%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 12.66
- Book Value (₹)
- 137.07
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 15.11
- Operating Margin %
- 79.80%
- Net Margin %
- 19.19%
- ROE %
- 13.76%
- ROCE %
- 12.59%
- 2.93%
- Debtor Days
- 10
- Inventory Days
- 0
- Payable Days
- 0
- 10
- Debt to Equity (x)
- 2.53x
- Interest Coverage (x)
- 1.58x
- 1.15x
- Revenue Growth %
- 27.23%
- Operating Profit Growth %
- 32.95%
- Net Profit Growth %
- 33.83%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 10.61
- Book Value (₹)
- 159.88
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 12.54
- Operating Margin %
- 72.81%
- Net Margin %
- 16.27%
- ROE %
- 8.33%
- ROCE %
- 10.67%
- 2.32%
- Debtor Days
- 7
- Inventory Days
- 0
- Payable Days
- 0
- 7
- Debt to Equity (x)
- 1.97x
- Interest Coverage (x)
- 1.47x
- 1.73x
- Revenue Growth %
- 5.20%
- Operating Profit Growth %
- -4.02%
- Net Profit Growth %
- -10.83%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 7.68
- Book Value (₹)
- 167.96
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 9.48
- Operating Margin %
- 63.21%
- Net Margin %
- 11.24%
- ROE %
- 5.33%
- ROCE %
- 8.53%
- 1.49%
- Debtor Days
- 7
- Inventory Days
- 0
- Payable Days
- 0
- 7
- Debt to Equity (x)
- 2.52x
- Interest Coverage (x)
- 1.31x
- 6.67x
- Revenue Growth %
- 7.64%
- Operating Profit Growth %
- -6.55%
- Net Profit Growth %
- -25.59%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 19.40
- Book Value (₹)
- 184.01
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 21.54
- Operating Margin %
- 73.57%
- Net Margin %
- 20.00%
- ROE %
- 11.69%
- ROCE %
- 9.97%
- 2.67%
- Debtor Days
- 8
- Inventory Days
- 0
- Payable Days
- 0
- 8
- Debt to Equity (x)
- 3.48x
- Interest Coverage (x)
- 1.60x
- 7.25x
- Revenue Growth %
- 33.53%
- Operating Profit Growth %
- 55.40%
- Net Profit Growth %
- 137.54%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 25.83
- Book Value (₹)
- 208.44
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 28.56
- Operating Margin %
- 68.43%
- Net Margin %
- 18.53%
- ROE %
- 13.87%
- ROCE %
- 10.53%
- 2.80%
- Debtor Days
- 7
- Inventory Days
- 0
- Payable Days
- 0
- 7
- Debt to Equity (x)
- 3.63x
- Interest Coverage (x)
- 1.57x
- 9.91x
- Revenue Growth %
- 43.68%
- Operating Profit Growth %
- 33.64%
- Net Profit Growth %
- 33.13%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 34.49
- Book Value (₹)
- 246.11
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 37.44
- Operating Margin %
- 48.77%
- Net Margin %
- 16.81%
- ROE %
- 15.67%
- ROCE %
- 11.30%
- 3.02%
- Debtor Days
- 5
- Inventory Days
- 0
- Payable Days
- 0
- 5
- Debt to Equity (x)
- 3.96x
- Interest Coverage (x)
- 1.58x
- 0.25x
- Revenue Growth %
- 44.63%
- Operating Profit Growth %
- 30.65%
- Net Profit Growth %
- 31.16%
- 33.52%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 7.58x
Mar 2025
- EPS (₹)
- 18.87
- Book Value (₹)
- 210.24
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 19.78
- Operating Margin %
- 32.87%
- Net Margin %
- 12.87%
- ROE %
- 10.78%
- ROCE %
- 9.88%
- 2.39%
- Debtor Days
- 4
- Inventory Days
- 0
- Payable Days
- 0
- 4
- Debt to Equity (x)
- 2.91x
- Interest Coverage (x)
- 1.46x
- 0.32x
- Revenue Growth %
- 23.89%
- Operating Profit Growth %
- 5.96%
- Net Profit Growth %
- -5.15%
- -45.29%
- P/E (x)
- 8.86x
- P/B (x)
- 0.80x
- Dividend Yield %
- 0.00%
- 9.64x
Mar 2026
- EPS (₹)
- 25.13
- Book Value (₹)
- 238.12
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 26.14
- Operating Margin %
- 42.06%
- Net Margin %
- 15.00%
- ROE %
- 11.15%
- ROCE %
- 9.74%
- 2.68%
- Debtor Days
- 3
- Inventory Days
- 0
- Payable Days
- 0
- 3
- Debt to Equity (x)
- 3.19x
- Interest Coverage (x)
- 1.60x
- 0.36x
- Revenue Growth %
- 14.89%
- Operating Profit Growth %
- 18.09%
- Net Profit Growth %
- 33.94%
- 33.16%
- P/E (x)
- 8.22x
- P/B (x)
- 0.87x
- Dividend Yield %
- 0.00%
- 10.37x
Documents
Announcements
- Shareholders meeting
2026-08-18 - Northern Arc Capital Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 18, 2026. Further, the company has informed the Exchange regarding voting results.
- Shareholders meeting
2026-08-18 - Proceedings of 18th AGM
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Aug 2026
May 2026
Jan 2026